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The Risk Management Duties of the Board of Directors
Company: Financial Law Institute, Ghent University
Year Of Publication: 2013
Month Of Publication: April
Pages: 32
Download Count: 19
View Count: 1561
Comment Num: 0
Language: English
Source: working paper
Who Can Read: Free
Date: 8-17-2013
Publisher: Administrator
Summary
The board of directors is responsible for an appropriate business risk management environment. The paper studies in a comparative way how legislators and courts fill this duty. We question whether the legislative and regulatory framework will improve the equilibrium between entrepreneurship and risk control. We advocate for a distinct approach for strategic and operational risk management, defining risk appetite and tolerance and sufficient monitoring. We also call for full and detailed reporting and compliance risk management.
WP 2013-02
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vn der Elst, C_hristoph Sign in to follow this author
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